Transparent Wealth Consulting

Yes. As a registered investment advisor (RIA) regulated by the SEC, the firm has a legal obligation to act as a fiduciary for its clients on an ongoing basis. This is documented in its public Form ADV filings, which outline an asset-based fee model with no brokerage commissions or third-party product revenue on which a conflict might arise (per the firm's regulatory disclosure, 2024).

The firm charges a fee based on a percentage of assets under management, consistent with the fee-only RIA model. Its March 2024 Form ADV Part 2A explicitly describes this schedule and notes that it does not earn commissions from selling insurance or investment products — a fee structure that aligns its revenue with client account performance rather than product distribution.

Transparent Wealth Consulting constructs portfolios primarily using low-cost exchange-traded funds (ETFs), incorporating passive indexing and factor-based strategies. The firm's public disclosures emphasize financial planning, tax-loss harvesting, and liability-driven modeling for retirees and corporate executives over individual security selection or proprietary products.

Thomas J. Swenson serves as Chief Executive Officer, and Ryan A. Swenson is the Chief Financial Officer. Their concurrent leadership of a closely held RIA concentrates governance and carries the firm's fiduciary accountability directly through its named principals.

The firm's public filings do not indicate the management of alternative investment vehicles such as private equity or hedge fund separate accounts. Its documented focus remains on liquid, publicly traded securities, predominantly via ETF construction for individual, non-institutional clients.